Popular myth and, allegedly, the laws of aerodynamics have it that the bumblebee should not be able to take flight. Yet still, our good bumblebee refuses to be pulled down by such details and year after year it takes flight as if nothing has happened. This allegory applies, with some imagination,... Continue Reading
Submitted ByTim Price
“Everyone loves an early inflation. The effects at the beginning of inflation are all good. There is steepened money expansion, rising government spending, increased government budget deficits, booming stock markets, and spectacular general prosperity, all in the midst of temporarily...
Submitted ByClaus Vistesen
Popular myth and, allegedly, the laws of aerodynamics have it that the bumblebee should not be able to take flight. Yet still, our good bumblebee refuses to be pulled down by such details and year after year it takes flight as if nothing has happened. This allegory applies, with some imagination,...
Submitted ByClaus Vistesen
Well, it might appear that my smug headline in the post below may not have been so appropriate after all. At least I find the news from the FT today that Eurozone members, headed by France and Germany, are considering to set up an internal IMF type fund very significant.
(from the FT)
Germany and...
Submitted ByClaus Vistesen
In a week when the Greek leadership declares it a historic moment for the European Union that the ailing country has agreed to swallow an additional austerity plan which, so far, seems to have calmed markets it would almost be too much to continue picking on the Eurozone. Yet pick I am going to...
Submitted ByTim Price
“More than any other time in history, mankind faces a crossroads. One path leads to despair and utter hopelessness. The other, to total extinction. Let us pray we have the wisdom to choose correctly.” - Woody Allen. In Frédéric Bastiat’s...
Submitted ByClaus Vistesen
It is a well known dictum in the context of economic analysis that you have to distinguish between stocks and flows and how focus on one in stead of the other lead to misguided analysis. It is the same with growth and levels with the former defined as the growth from one period to another in a...
Submitted ByTim Price
“I think it’s time we – stop, children, what’s that sound ? Everybody look what’s going down. There’s battle lines being drawn; Nobody’s right if everybody’s wrong. Young people speaking their minds, Getting so much resistance from behind..” - From...
Submitted ByClaus Vistesen
The Eurozone's current problems are not mainly a result a of prolifigate and reckless spending of government resources in the Eurozone periphery [1]. Even nobel laureate Paul Krugman has begun to forcefully push this argument arguing that the real source of the malaise is the steady build up...
Submitted ByClaus Vistesen
The Eurozone's current problems are not mainly a result a of prolifigate and reckless spending of government resources in the Eurozone periphery [1]. Even nobel laureate Paul Krugman has begun to forcefully push this argument arguing that the real source of the malaise is the steady build up...
Submitted ByClaus Vistesen
GDP releases are, by nature, lagging indicators and thus do not say a whole lot on the current momentum in the economy. Moreover, the immediate attention span when it comes to the Eurozone remains, and rightly so, focused on the situation in Greece (and Spain) and what plan exactly that is to...
Popular myth and, allegedly, the laws of aerodynamics have it that the bumblebee should not be able to take flight. Yet still, our good bumblebee refuses to be pulled down by such details and year after year it takes flight as if nothing has happened. This allegory applies, with some imagination,... 
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